Rajasthan Tube Manufacturing Company Ltd - Stock Valuation and Financial Performance

BSE: 530253 | NSE: | Steel & Iron Products | Small Cap

Rajasthan Tube Mfg Share Price

36.14 -0.06 -0.17%
as on 24-Apr'24 16:01

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Rajasthan Tube Manufacturing Company stock performance -

mw4me loader
P/E Ratio (SA):
11.68
Market Cap:
16.3 Cr.
52-wk low:
12
52-wk high:
51.2

Is Rajasthan Tube Manufacturing Company Ltd an attractive stock to invest in?

1. Is Rajasthan Tube Manufacturing Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rajasthan Tube Manufacturing Company Ltd is a below average quality company.

2. Is Rajasthan Tube Manufacturing Company Ltd undervalued or overvalued?

The key valuation ratios of Rajasthan Tube Manufacturing Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rajasthan Tube Manufacturing Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rajasthan Tube Manufacturing Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Rajasthan Tube Mfg:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rajasthan Tube Manufacturing Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.5%-1%7.1%2.1%8.2%5.7%-7.8%7.8%8.8%8.6%-
Value Creation
Index
-0.5-1.1-0.5-0.9-0.4-0.6-1.6-0.4-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10492.280.873.977.376.741.442.353.299.9104
Sales YoY Gr.--11.1%-12.4%-8.7%4.6%-0.7%-46%2.1%25.8%87.9%-
Adj EPS 0.5-50.5-2.80.80.1-6.60.91.32.13.1
YoY Gr.--1084.3%NA-652.9%NA-86.9%-6136.4%NA33%69.6%-
BVPS (₹) 25.520.52118.21919.112.513.414.716.818.5
Adj Net
Profit
0.2-2.30.2-1.30.40.1-30.40.611
Cash Flow from Ops. 0.53.11.85.24-3.97.75.3-2-0.7-
Debt/CF from Ops. 41.16.511.73.33.8-5.21.81.9-7-22.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.4%5.3%34.1%87.9%
Adj EPS 17.2%20.3%NA69.6%
BVPS-4.6%-2.5%10.4%14.5%
Share Price -1.9% 13.7% 35.9% 177.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2-21.92.5-14.44.50.6-42.27.38.913.517.5
Op. Profit
Mgn %
3.40.72.31.142.9-3.34.84.12.42.8
Net Profit
Mgn %
0.2-2.50.3-1.70.50.1-7.211.111.3
Debt to
Equity
1.82.22.22.11.82.42.51.72.12.1-
Working Cap
Days
1321421661731371342281501369348
Cash Conv.
Cycle
738077787794155106896010

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.50%

Sales growth is growing at healthy rate in last 3 years 34.10%

Sales growth is good in last 4 quarters at 31.28%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 2.06

Latest Financials - Rajasthan Tube Manufacturing Company Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 -
TTM Sales (₹ Cr.) 104 -
BVPS (₹.) 18.5 -
Reserves (₹ Cr.) 4 -
P/BV 1.95 -
PE 11.68 -
From the Market
52 Week Low / High (₹) 12.01 / 51.17
All Time Low / High (₹) 1.23 / 51.17
Market Cap (₹ Cr.) 16.3
Equity (₹ Cr.) 4.5
Face Value (₹) 10
Industry PE 27.4

Management X-Ray of Rajasthan Tube Mfg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rajasthan Tube Mfg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales103.7192.2380.8473.8577.2576.7041.4242.2853.1799.88
Operating Expenses 100.2291.6078.987374.1374.4742.7740.2750.9997.49
Manufacturing Costs1.491.401.231.061.091.030.760.860.921.49
Material Costs98.0389.2776.8971.0272.0372.5241.1738.8349.4595.38
Employee Cost 0.410.610.600.650.680.660.680.470.490.51
Other Costs 0.290.320.250.270.320.260.170.110.140.12
Operating Profit 3.480.631.860.853.122.23-1.362.012.172.39
Operating Profit Margin (%) 3.4%0.7%2.3%1.1%4.0%2.9%-3.3%4.8%4.1%2.4%
Other Income 0.130.120.110.090.020.0300.0100.02
Interest 3.012.782.672.652.342.071.551.391.481.31
Depreciation 0.290.250.170.130.110.100.090.080.080.07
Exceptional Items 0000000000
Profit Before Tax 0.31-2.29-0.87-1.840.700.10-2.990.550.611.04
Tax 0.08-0.03-1.10-0.570.320.0500.130.050.08
Profit After Tax 0.23-2.260.23-1.270.380.05-2.990.420.560.96
PAT Margin (%) 0.2%-2.5%0.3%-1.7%0.5%0.1%-7.2%1.0%1.1%1.0%
Adjusted EPS (₹)0.5-5.00.5-2.80.80.1-6.70.91.32.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 11.499.219.448.178.558.605.616.036.597.55
Share Capital 4.504.504.504.504.504.504.504.504.504.50
Reserves 6.994.714.943.674.054.101.111.532.093.05
Minority Interest0000000000
Debt20.6220.0820.5517.4514.9820.4014.119.3912.7714.55
Long Term Debt0.0100.0200002.903.221.53
Short Term Debt20.6120.0820.5317.4514.9820.4014.116.499.5513.02
Trade Payables9.5310.4514.3612.364.865.092.980.017.255.04
Others Liabilities 1.982.250.50-0.21-1-0.91-0.650.670.360.34
Total Liabilities 43.624244.8537.7827.3833.1822.0516.1026.9727.48

Fixed Assets

Gross Block8.948.979.099.109.109.119.119.119.119.12
Accumulated Depreciation6.636.907.077.207.317.407.497.577.657.73
Net Fixed Assets2.302.072.021.901.791.701.621.541.461.39
CWIP 0000000000
Investments 0.090.090.090.090.090.090.080.080.080.05
Inventories23.4822.1122.5319.0412.3515.187.166.1717.1214.58
Trade Receivables11.069.2310.1510.8910.0411.989.564.864.879.27
Cash Equivalents 1.421.621.461.280.580.030.020.030.200.16
Others Assets5.266.878.604.572.534.203.613.423.242.02
Total Assets 43.624244.8537.7827.3833.1822.0516.1026.9727.48

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.503.111.765.233.99-3.947.745.27-1.97-0.68
PBT 0.31-2.29-0.87-1.840.700.10-2.990.550.611.04
Adjustment 2.632.592.442.432.322.121.561.411.461.32
Changes in Working Capital -2.332.810.194.641.01-6.159.183.44-4-2.96
Tax Paid -0.11000-0.04-0.020-0.13-0.05-0.08
Cash Flow From Investing Activity -0.060.070.010.130.880.3300.0100.04
Capex -0.09-0.03-0.12-0.010-0.01000-0.01
Net Investments 0000.060.870.30-0.01000.03
Others 0.020.100.130.070.020.030.010.0100.02
Cash Flow From Financing Activity -0.38-2.97-1.93-5.47-4.713.36-7.76-5.272.150.59
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000002.900.32-1.69
Interest Paid -2.47-2.45-2.38-2.39-2.24-2.06-1.47-1.34-1.39-1.27
Dividend Paid 0000000000
Others 2.09-0.520.45-3.07-2.475.42-6.29-6.833.213.55
Net Cash Flow 0.060.20-0.16-0.110.17-0.26-0.020.010.18-0.04
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2-21.882.47-14.424.540.57-42.157.258.9113.52
ROCE (%)10.721.66.062.9212.378.24-5.9110.8311.4810.79
Asset Turnover Ratio2.532.352.021.932.442.531.52.222.473.67
PAT to CFO Conversion(x)2.17N/A7.65N/A10.5-78.8N/A12.55-3.52-0.71
Working Capital Days
Receivable Days45374048485295623326
Inventory Days71839395726598588058
Payable Days44415969442536142724

Rajasthan Tube Manufacturing Company Ltd Stock News

Rajasthan Tube Manufacturing Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rajasthan Tube Mfg on 24-Apr-2024 16:01 is ₹36.14.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Apr-2024 16:01 the market cap of Rajasthan Tube Mfg stood at ₹16.29.
The latest P/E ratio of Rajasthan Tube Mfg as of 24-Apr-2024 16:01 is 11.68.
The latest P/B ratio of Rajasthan Tube Mfg as of 24-Apr-2024 16:01 is 1.95.
The 52-week high of Rajasthan Tube Mfg is ₹51.17 and the 52-week low is ₹12.01.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rajasthan Tube Mfg is ₹104.4 ( Cr.) .

About Rajasthan Tube Manufacturing Company Ltd

Rajasthan Tube Manufacturing Company (RTMCL) was incorporated in 1985. The company has carved an unparalleled position in the global market by making a relentless endeavour to cater to its clients with premium quality pipes and tubes.

The company is a leading manufacturers and exporter of steel pipes and tubes, black steel tubes, galvanised steel tubes, steel square tubes, HR sheets, CR sheets, cold drawn steel tubes, etc.

RTMCL also manufactures RPVC pipes, elastomeric ring fit and HDPE pipes.

The company is committed to elevate the standards of its products and services to offer customer satisfaction through excellence in quality.

Its registered office is located at 404, Shekhawati Complex, Station Road, Jaipur. The company's factory is located at B-61, Ambaji Industrial Area, Abu Road (Sirohi), Rajasthan

The shares of the company are listed on the Jaipur Stock Exchange, Bombay Stock Exchange and Delhi Stock Exchange.

The pipes manufactured by the company are sold under the brand name of 'RTL' and are well accepted in the national and international markets. The company supplies finest quality of steel from Essar Steel and zinc from Hindustan Zinc (HZL) goes for its production.

Products

  • ERW Steel Black Pipes
  • ERW Steel Galvanized Pipes
  • ERW Steel Square Pipes
  • Hot Rolled Steel Sheets
  • Cold Rolled Steel Sheets
  • Cold Drawn Steel Tubes
  • Galvanized Sheets and Plates
  • Galvanized Corrugated Sheets
  • RPVC Pipes
  • Elastomeric Ring Fit Pipes
  • HDPE Pipes
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